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Iraqi port officials say two foreign oil tankers carrying Iraqi fuel oil were attacked by unidentified forces in Iraqi territorial waters, resulting in fires.On March 12, Hungarian Foreign Minister Szijjártó posted a video on social media on March 11, stating that amidst extreme volatility in the global energy market, Ukraines military attack on the TurkStream gas pipeline located in Russia seriously threatens Hungarys energy security. He called Ukraines attack a "crime." He said the TurkStream pipeline is a crucial guarantee for Hungarys gas supply, and if the pipeline is not operational, Hungary will be unable to obtain gas. It is reported that in the past two weeks, Ukraine has launched twelve attacks on the TurkStream and Blue Stream gas pipelines. According to Russia, all attacks were unsuccessful, and the relevant infrastructure was undamaged.Security sources say two drones landed in the Maginot oil field in southern Iraq, with no casualties reported.On March 12, local time, the Italian Navy frigate "Federico Martinego" arrived in Cypriot waters on March 11. The ship, carrying more than 160 personnel, departed from the southern Italian port of Taranto last week. Following the US-Israel military attacks on Iran, the British Royal Air Force base Akrotiri in Cyprus was attacked by drones around midnight on March 2, causing "limited damage." Subsequently, Greece, France, Spain, the United Kingdom, the Netherlands, and Italy announced the deployment of warships to Cyprus to strengthen the countrys defense capabilities.On March 12th, the Congressional Budget Office (CBO) released its budget and economic projections for 2026-2036 on March 11th. The projections indicate that the federal budget deficit will be $1.9 trillion in fiscal year 2026, increasing to $3.1 trillion by 2036. Relative to the size of the economy, the deficit will represent 5.8% of GDP in 2026, rising to 6.7% by 2036, higher than the 50-year average deficit of 3.8%. Rising net interest costs are the primary driver of the deficit growth.

Stellantis subsidiary found guilty in U.S. diesel pollution investigation and fined $300 million

Charlie Brooks

Aug 02, 2022 10:21

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Monday, after pleading guilty to criminal conspiracy in June, the U.S. branch of Fiat Chrysler Automobiles was forced to pay almost $300 million to resolve a multi-year diesel emissions fraud probe by the Justice Department.


FCA US LLC, previously Chrysler Group LLC, signed an agreement with the Justice Department to forfeit $203.6 million and pay a $96.1 million punishment. Additionally, the FCA US division of Stellantis NV was sentenced to three years of organizational probation.


More than 100,000 Jeep Grand Cherokee and Ram 1500 diesel vehicles produced in the United States between 2014 and 2016 were reportedly marketed with falsified emissions data.


The Department of Justice alleges that FCA conspired to cheat on U.S. emissions tests.


The $300 million criminal fine "is the outcome of a three-year investigation," as stated by Assistant Attorney General Todd Kim. This resolution underscores the Justice Department's commitment to holding businesses accountable for misleading authorities.


The government emphasized that FCA US had previously paid a $311 million civil penalty and over $183 million in compensation to over 63,000 diesel class action claimants.


The automaker must conduct an initial evaluation of its compliance with the Clean Air Act and inspection and testing procedures, submit a report, and produce at least two more reports. Reuters was the first to report the planned settlement in May.


According to the Justice Department, FCA US utilized deceptive software features to avoid regulatory scrutiny and falsely help diesel vehicles in complying with pollution laws.


Stellantis previously asserted that it had amassed 266 million euros in compensation funds. FCA merged with Peugeot (OTC:PUGOY) maker PSA in 2021 to become Stellantis.


Three FCA US employees are now awaiting trial on allegations of conspiring to defraud the United States and violating the Clean Air Act.


Volkswagen (ETR:VOWG p) pleaded guilty to criminal charges to settle its own pollution problem affecting around 600,000 U.S. automobiles in the "Dieselgate" controversy five years previously. Volkswagen has paid more than $30 billion in connection with this matter.

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